India, Japan Set Ambitious Investment & Technology Agenda
PM Modi, Japanese PM Takaiichi unveil new initiatives in AI, defence, clean energy and economic security
GG News Bureau
New Delhi, 2nd July: Prime Minister Narendra Modi and his Japanese counterpart, Prime Minister Sanae Takaiichi, on Thursday announced a series of strategic initiatives to deepen bilateral cooperation in artificial intelligence, defence, investment, clean energy and economic security during the India-Japan Annual Summit in New Delhi.
Welcoming Takaiichi on her first visit to India, Modi described the India-Japan partnership as one built on mutual trust and said the visit marked the beginning of a new chapter in the Special Strategic and Global Partnership.
The two leaders issued a joint statement on artificial intelligence and witnessed the signing of multiple agreements between Indian and Japanese institutions. Modi said Japan’s precision technology combined with India’s software capabilities would accelerate global AI innovation.
In a major defence milestone, the two countries signed their first co-development agreement for a Naval Radio Antenna system, paving the way for joint development of advanced defence technologies to strengthen maritime security and regional stability.
The leaders also unveiled a Joint Roadmap on Economic Security to enhance cooperation in strategic sectors such as semiconductors, quantum technologies and advanced materials while improving resilient supply chains.
Modi announced an ambitious target of attracting 10 trillion yen in Japanese investment into India over the next decade and doubling the number of Japanese companies operating in the country. He noted that more than 100 business agreements signed over the past year are expected to bring investments exceeding $10 billion.
In the energy sector, both countries launched the India-Japan Bio-gas Initiative, which will support the establishment of 1,000 biogas and organic fertiliser plants in India. The two sides also agreed to strengthen cooperation in green hydrogen, battery technologies and nuclear energy.
The leaders further launched the India-Japan Next Generation Mobility Partnership Framework to expand cooperation beyond the automobile sector into shipbuilding, aviation and logistics.
Emphasising strong people-to-people ties, Modi said both countries would enhance collaboration in skill development, talent mobility, education, research and start-ups. He also announced plans to celebrate the 75th anniversary of diplomatic relations next year with expanded cooperation in culture, tourism and the creative economy.
